Ieq Capital LLC Reduces Holdings in Roper Technologies, Inc. (NYSE:ROP)

Ieq Capital LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,610 shares of the industrial products company’s stock after selling 2,271 shares during the period. Ieq Capital LLC’s holdings in Roper Technologies were worth $3,956,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Bryn Mawr Capital Management LLC grew its stake in shares of Roper Technologies by 3,699.2% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 103,034 shares of the industrial products company’s stock valued at $53,562,000 after buying an additional 100,322 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Roper Technologies by 13.5% in the 4th quarter. Global Retirement Partners LLC now owns 562 shares of the industrial products company’s stock worth $292,000 after acquiring an additional 67 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Roper Technologies by 10.8% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,517 shares of the industrial products company’s stock worth $1,828,000 after acquiring an additional 343 shares during the last quarter. Bfsg LLC lifted its holdings in shares of Roper Technologies by 3.0% in the 4th quarter. Bfsg LLC now owns 4,490 shares of the industrial products company’s stock worth $2,334,000 after acquiring an additional 130 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Roper Technologies by 19.1% in the 4th quarter. D.A. Davidson & CO. now owns 1,772 shares of the industrial products company’s stock worth $921,000 after acquiring an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, VP Brandon L. Cross sold 750 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the completion of the sale, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,101 shares of company stock valued at $2,947,475. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Roper Technologies stock opened at $574.05 on Friday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.43. The company’s 50 day moving average is $541.23 and its two-hundred day moving average is $547.47. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $61.56 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ROP shares. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $622.30.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.